Daily Archives: October 16, 2013, 4:19 pm

Mark Cuban Beats The SEC – Forbes

But in maintaining that their client did nothing wrong, Cuban’s defense team said that he never agreed to confidentiality or to avoid selling his stock upon learning of the placement from Mamma.com chief Guy Faure, who claims that Cuban did make such an assurance. The jury agreed, determining by Wednesday afternoon that Cuban did not commit insider trading. via Mark…

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Ex-Commissioner Calls on SEC to Focus Enforcement Attention on Culpability, Harm – Bloomberg Law

Former Securities and Exchange Commissioner Troy Paredes Oct. 9 urged the agency to focus its enforcement attention on activities involving the most culpable individuals and firms, and the most harm to investors. “In my view, it is particularly important that” the SEC base its enforcement decisions on the facts, the law and due process considerations, rather than whether there is…

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